Q:Hey, who has heard of the PS Prasad Power of Attorney scam? I heard somewhere that due to this scam few properties in Hyderabad may be at risk. I’m looking to invest soon, and this news worries me. Can someone please tell me what exactly is this scam,and what properties are under radar?
Latest Answer: Hey, this is indeed a thing to worry about. These builders are good and reputed, and have some great projects in town. I was reading through the Economic Times, and it said that Cyrus Investments are going to take possession of all immovable properties that are owned by third parties in Hyderabad. Don’t you think the Confederation of Real estate Developers’ Association should intervene here, and help protect the interest of both the companies and third parties?
